Air Products, a US-based hydrogen supplier, and Saneg, Uzbekistan's largest private oil and gas company, have announced a $140 million deal to acquire Saneg's hydrogen production assets at the Fergana Oil Refinery. The project aims to expand the commercial use of hydrogen in Uzbekistan's industrial production market. The partnership signifies a major step in the long-term modernization plans for the Fergana Refinery, with a focus on maximizing Uzbekistan's oil and gas sector potential and supporting economic growth. Saneg highlighted the importance of increasing domestic hydrogen supplies to enhance energy security and align with the government's priorities. Air Products, known for being the world's largest hydrogen supplier and a leader in hydrogen fueling infrastructure, will leverage its technology and expertise to contribute to the refinery's modernization efforts. The Fergana Refinery, operated by Saneg, is currently undergoing comprehensive enhancements, including the introduction of the hydrocracking process and increasing fuel processing depth to over 92%. The refinery's goals include aiding the Uzbekistan government in diversifying energy sources through industrialized hydrogen production. Air Products had previously supplied two pressure swing adsorption units for hydrogen production in 2021, and the current acquisition includes a steam methane reforming unit for reliable operations. The deal is expected to close by the fourth quarter of 2024. The collaboration between Air Products and Saneg is set to bolster the growth of the oil and gas industry in Central Asia, promote sustainability, and pave the way for a cleaner energy future for Uzbekistan. The partnership demonstrates a shared commitment to advancing hydrogen technology and supporting the country's economic and energy objectives. The positive sentiment surrounding the agreement reflects a strategic alignment between the two companies and the potential for significant advancements in hydrogen production and utilization in the region.